Commercial Property Agent Salary in North Dakota

Annual Median: $58,230
Hourly Median: $28

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Commercial Property Agent undefined, North Dakota Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$35,720$17.17
25th$40,210$19.33
Median$58,230$28
75th$82,910$39.86
90th$97,340$46.8

Best Schools to become a Commercial Property Agent in North Dakota 2024

University of Mary

Bismarck, ND

In-State Tuition:$18,710
Out-of-State Tuition:$18,710
Admission Rate:81%
Graduation Rate:64%
Total Enrollment:3,652

North Dakota State University-Main Campus

Fargo, ND

In-State Tuition:$9,309
Out-of-State Tuition:$13,963
Admission Rate:96%
Graduation Rate:63%
Total Enrollment:12,242

University of North Dakota

Grand Forks, ND

In-State Tuition:$9,237
Out-of-State Tuition:$13,856
Admission Rate:83%
Graduation Rate:63%
Total Enrollment:13,876

Minot State University

Minot, ND

In-State Tuition:$7,168
Out-of-State Tuition:$7,168
Admission Rate:93%
Graduation Rate:45%
Total Enrollment:2,777

Dickinson State University

Dickinson, ND

In-State Tuition:$7,470
Out-of-State Tuition:$9,570
Admission Rate:72%
Graduation Rate:44%
Total Enrollment:1,473

Valley City State University

Valley City, ND

In-State Tuition:$6,619
Out-of-State Tuition:$11,583
Admission Rate:83%
Graduation Rate:47%
Total Enrollment:1,658

Commercial Property Agent Salary in North Dakota FAQs

What factors can influence my salary as a Residential Property Sales Consultant in North Dakota?
Several factors can affect your salary, including:

  • Experience Level: Generally, more experienced consultants may command higher commissions and salaries.
  • Location: Salaries can vary by city or region within North Dakota, with urban areas typically offering more opportunities than rural locations.
  • Market Conditions: The state of the real estate market can impact your earnings; a booming market often leads to higher commissions and more transactions.
  • Company Size: Larger, more established firms may offer different pay structures compared to smaller companies or independent agencies.
  • Networking and Client Base: Building a robust network and having a loyal client base can lead to increased sales and better earning potential.

Are there additional benefits beyond salary for Residential Property Sales Consultants?
Yes, in addition to your salary, many companies offer benefits that can enhance your overall compensation package, such as:

  • Commission Structure: Many consultants earn a significant portion of their income through commissions on sales, which can greatly increase total earnings.
  • Health and Retirement Benefits: Employers may provide health insurance, retirement plans, and other perks.
  • Professional Development: Some employers invest in training programs and continuing education, which can lead to skill enhancement and advancement opportunities.
  • Flexibility and Independence: The nature of real estate work often allows for flexible hours and the ability to work independently, which can be financially advantageous.

How does performance impact earnings in this role?
Your performance directly correlates to your earnings. Factors include:

  • Sales Volume: The number of properties sold or leased will significantly influence your commission earnings.
  • Client Satisfaction: Positive relationships with clients can lead to referrals and repeat business, which boosts sales potential.
  • Goal Achievement: Meeting or exceeding sales targets often results in bonuses or additional incentives from your employer.

What is the typical career progression for a Residential Property Sales Consultant?
Career progression can vary, but common paths include:

  • Entry-Level Consultant: Starting as an associate under a licensed broker, gaining experience and building a client base.
  • Senior Consultant: After a few years, you may progress to a senior role with increased responsibilities and higher earnings.
  • Broker Status: Many consultants choose to obtain their broker's license, allowing them to operate their own agency or manage a team.
  • Management Opportunities: Over time, successful consultants can move into management positions, overseeing teams and operations within a real estate firm.

What skills are important for maximizing earning potential in this field?
To enhance your earning potential, focus on developing key skills such as:

  • Sales and Negotiation: Strong sales techniques and negotiation skills are vital for closing deals and earning commissions.
  • Market Knowledge: Understanding local market trends and property values will aid in providing clients with accurate information and improving sales strategies.
  • Communication: Excellent verbal and written communication skills help in building relationships with clients and closing sales.
  • Networking: Building and maintaining a broad network can lead to referrals and new business opportunities.
  • Time Management: Effectively managing your time increases productivity and the potential for closing more deals.